AVK company Furnes AS in Norway and Randers Jernstøberi AS in Denmark are being merged into a new company with the Norwegian group Ulefos Holding AS, including its subsidiaries in Sweden, Denmark, and Finland. Hereby merging two Norwegian-based companies and are combining three foundries to optimise production across products and brands. The objective is to secure the future of Nordic water and wastewater infrastructure by delivering the most sustainable and cost-effective solutions.
The two industrial companies, Ulefos Holding AS and Furnes Jernstøperi AS, are joining forces in a new partnership to be operated under the name CK Partners AS, with ownership rooted in the Cappelen and Kjær families. The purpose of the joint venture is to strengthen the companies’ position in a demanding market characterised by increased international competition and persistently low activity in the construction and water sector.
The new group is owned 49% by the Norwegian Cappelen family through Cappelen Holding, representing the seventh generation of ownership of the Ulefos group. The remaining 51% is owned by the Danish Kjær family’s AVK Group, which has held a majority stake in Furnes Jernstøperi since 2019.
Oddbjørn Maurdalen will serve as CEO, and Jan Halvor Sæl will serve as CFO. Martin Sagen will be responsible for the foundry system and, by extension, all foundries. Erik Andreas Henriksen will be responsible for the development and sales of Ulefos products, as well as for the production and sales of products from the Esco valve factory in Kongsberg.
Development and sales of Furnes products will continue to be handled by Oddbjørn Maurdalen, who will establish an office for the sales and development company in Hamar during 2026.